John Griswold
Apr 14, 2021

This "beats you" either because you have NO idea how currencies work or you DO know and are trying to gull your readers. A simple currency primer; currencies serve as mediums of exchange, people trade the currency they hold for goods and services. When currencies deflate they gain purchasing power, and people who exchange them today LOSE money, given that their currency will be worth MORE next week. BTC does not currently serve as a currency, it currently is a speculative commodity. BTC is VALUED in dollars, and for a very good reason. Dollars have a rock solid valuation in comparison to Bitcoins. People sell their BTC to realize a DOLLAR profit, or hold them in hopes of a larger DOLLAR profit. They don't trade them for pizzas or cars.

John Griswold
John Griswold

Written by John Griswold

Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful

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